Back

The Psychology Behind Pricing Strategies: Why You Pay What You Pay Ever wondered why a product costs $9.99 instead of $10? Or why luxury brands rarely go on sale? Pricing isn’t just about numbers—it’s about perception, behavior, and psychology. Her

See More
Anonymous

Anonymous 3

Hey I am on Medial • 5m

The anchoring effect is everywhere, right? The way a super expensive option makes everything else look like a bargain. Wow

1 replies
Replies (1)

More like this

Recommendations from Medial

Only Buziness

Business enthusiasti... • 15d

“Anchoring Effect: The First Price You See Changes Everything” The Anchoring Effect is a cognitive bias where people rely too heavily on the first piece of information (the “anchor”) they see when making decisions — especially in pricing. Businesses

See More
0 replies14 likes
Image Description
Image Description

Ronak Patel

Here you go! • 4m

PSYCHOLOGICAL MARKETING TECHNIQUES - 1/10 Anchoring Effect The anchoring effect involves presenting a higher-priced product first to make other options seem more affordable. This psychological bias causes consumers to rely heavily on the first

See More
5 replies10 likes
5

Only Buziness

Business enthusiasti... • 1d

“Everywhere You Look: How the Baader-Meinhof Effect Builds Brand Familiarity Fast” The Baader-Meinhof Phenomenon, also known as frequency illusion, happens when something you’ve just noticed suddenly seems to appear everywhere. In business, this eff

See More
0 replies5 likes

Ankan

Creating, connecting... • 9d

Hey Medial fam—ever wondered why we overvalue our own creations or get stuck on that first price we see? 1. 🛠️ IKEA Effect We overvalue things we’ve had a hand in building. When you assemble your own furniture, you feel proud—and you’re willing

See More
0 replies2 likes
Image Description
Image Description

Arcane

Hey, I'm on Medial • 1y

Mind Games: The Decoy Effect 🧠💡 Ever feel like a third option makes one of the original choices suddenly more appealing? There's a reason for that: the Decoy effect! Here's how it works: ⭐ Imagine you're choosing a phone plan: * Option A: 2GB

See More
2 replies8 likes
1

Only Buziness

Business enthusiasti... • 10d

“Brilliance by Association: How the Halo Effect Elevates Brands and Sales” The Halo Effect is a cognitive bias where our overall impression of someone or something influences how we feel about their specific traits. In business, this plays out when

See More
0 replies1 like
Image Description
Image Description

Aarihant Aaryan

Prev- Founder & CEO ... • 5m

India 1 questions are always around "what else"? What else can I do to increase my wealth, status, lifestyle. India 2 questions are always around "how"? How to make money super fast, how to become famous overnight, how to look better, how to ge

See More
6 replies11 likes
1
Anonymous
Image Description
Image Description

Planning your MBA? Option 1- You look for would be for a ISB or an IIM A/B/C. Now this is not easy to crack for 99% Indians and on top of it, it's super expensive. Option 2 - Remaining MBAs are not that greatly valued by companies. Hence we look

See More
2 replies2 likes
Image Description
Image Description

Vishu Bheda

AI did the magic • 1y

So what is network effect? A network effect is when each additional user adds value to the existing user base. So your users themselves are creating some value for the existing users. So ,to understand better understand that google is the only one

See More
9 replies7 likes

Pavan

Just roaming around • 5m

Branding is super important for startups. It’s how people see and remember you. A solid brand helps you stand out, build trust, and connect with the right audience. Plus, it makes it easier to grow and stay consistent as your business takes off. Thin

See More
0 replies2 likes

Download the medial app to read full posts, comements and news.